REI Lense

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$2,702 (target)

317 SE 1st St, Newcastle, OK 73065

3 beds • 2 baths • 1703 sqft

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This property might be a fair Mid-Term investment with a projected 2.11% first-year return on $70,101 initial cash invested.

2.11%

Cash On Cash

7.58%

Cap Rate

1.17

DSCR

$2,702

Rent

$123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,702 income − $2,579 expenses = $123 cash flow

Income$2,702Mortgage P&I$1,33749%Property Taxes$2158%Insurance$883%HOA$211%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%Cash Flow$123

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,101

Downpayment

20%

$49,620

Closing costs

1%

$2,481

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,702

Total Expenses

$2,579

Mortgage P&I

49%

$1,337

Property Taxes

8%

$215

Home Insurance

3%

$88

HOA

1%

$21

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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